The development of petroleum resources through cooperative rather than competitive mechanisms has assumed great importance globally. Unitization is the joint, coordinated operation of a petroleum reservoir by all the different owners of the reservoir; it is the best mechanism for assuring the...

We assess the informativeness for stock markets of proven reserves of oil and gas, and embedded CO2 in those reserves. Based on a two-step regression approach, we attempt to test the relationship between proven reserves, CO2 embedded in those reserves and stock market value controlling for the...

Cover -- Contents -- List of Figures -- Acknowledgements -- Introduction -- 1. Rethinking Responsibility and Governance in Resource Extraction - Owen Logan and John-Andrew McNeish -- Part I: Resource Sovereignties -- 2. On Curses and Devils: Resource Wealth and Sovereigntyin an Autonomous...

A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals....